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General law title
General law title There are two systems of providing title to land. One is the Torrens Title System which uses government -recorded certificates of title. The other is the very much older system under which title is proved by showing what is known as a good root of title, that is a series of documents showing the whole of the history of the land over a prescribed period and showing by that history who is currently the lawful proprietor of the land.
RELATED TERMS--------------------------------------
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
SIMILAR TERMS--------------------------------------
General agent
One authorized by a principal to perform any and all acts associated with the continued operation of a particular job or a certain business of the principal.
General contractor
The prime contractor who contracts for the construction of an entire building or project, rather than just a portion of the work.
General index
A county recorder's office index used by title company examiners when searching the chain of title of a property. The examiner uses the index to research all the grantors and grantees in the chain of title.
General lien
A lien such as a tax lien or judgment lien, which attaches to all property of the debtor rather than the lien of, for example, a trust deed, which attaches only to a specific property.
General partner
A member of a partnership who has authority to bind the partnership and shares in the profits and losses of the partnership
General partnership
In a general partnership, all the partners participate in the operation and management of the business and share full liability for business losses and obligations.
General plan
Every city and county is required to develop a general plan of comprehensive zoning.
General real estate tax
General real estate taxes are levied to fund the operation of the governmental agency that imposes the taxes.
General San Martin property
Property in General San Martin, Argentina.
General Santos property
Property in General Santos, the Philippines. Apartments, flats, houses, offices and other property in General Santos.
General warranty deed
A deed in which the grantor fully warrants good clear title to the premises.
Geneve property
Property in Geneve, Switzerland. Apartments, flats, houses, offices and other property in Geneve.
PREVIOUS AND NEXT TERMS--------------------------------------
Garn-st. Germain bill
Or the Depository Institutions Deregulation and Monetary Control Act of 1980 which authorized the deregulation of banks and savings institutions. Allowed savings and loan associations to offer checking-type accounts; to issue credit cards. Established loan loss reserve requirements.
Gazumping
Occurs when a buyer turns down an already-accepted offer in favour of a higher bid.
General agent
One authorized by a principal to perform any and all acts associated with the continued operation of a particular job or a certain business of the principal.
General contractor
The prime contractor who contracts for the construction of an entire building or project, rather than just a portion of the work.
General index
A county recorder's office index used by title company examiners when searching the chain of title of a property. The examiner uses the index to research all the grantors and grantees in the chain of title.
General law title
General lien
A lien such as a tax lien or judgment lien, which attaches to all property of the debtor rather than the lien of, for example, a trust deed, which attaches only to a specific property.
General partner
A member of a partnership who has authority to bind the partnership and shares in the profits and losses of the partnership
General partnership
In a general partnership, all the partners participate in the operation and management of the business and share full liability for business losses and obligations.
General plan
Every city and county is required to develop a general plan of comprehensive zoning.
General real estate tax
General real estate taxes are levied to fund the operation of the governmental agency that imposes the taxes.
This dictionary contains 6433 terms. |
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